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Honda's Revamped 2018 Honda Odyssey Offers In-Vehicle Wi-Fi

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Honda Motor Company Ltd. (HMC - Free Report) has recently redesigned the 2018 Honda Odyssey and added new features. This newly developed minivan, now offers 4G LTE in-vehicle Wi-Fi to assist streaming of video, music and more. The available data plans will enable passengers to stream video contents in an all-new 10.2-inch, ceiling-mounted Rear Entertainment System with DVD, CD and Blu-ray disk capacity. Additionally, this technology will help stream internet radio as well as undergo web browsing.

Owners of the 2018 Odyssey Elite and Touring trims can now buy data plans from AT&T (T - Free Report) at prices starting from $20 per month. These data plans are available both in prepaid and postpaid options and will take the refurbished Odyssey model’s in-car connectivity experience to a different level. The data plans for Odyssey Touring and Elite models include a complimentary 3-months/3GB offer.

Honda has several car launches scheduled. It has planned to launch the 10th generation of Accord model, i.e. 2018 Honda Accord, on Jul 14, 2017. Previously in May 2017, it had launched its first five-door Civic hatchback in the U.S., plus in March, a series of vehicles with the likes of Clarity Electric, Clarity Plug-in Hybrid, Civic Type R and Civic Si were unveiled.

The automaker is also focusing on product introductions and expanding its business in Asia to attract more customers. In Apr 2017, the company had announced that it will launch an all-electric battery car in China by the end of 2018 due to rising demand.

Price Performance

Honda’s shares have outperformed the Zacks categorized Automotive-Foreign industry in the last one year. The company’s shares have returned 4.4% compared with the industry’s 3.2% gain.



Zacks Rank & Stocks Pick

Honda currently carries a Zacks Rank #3 (Hold).
 

Some better-ranked companies in the auto space are Daimler AG and Cummins Inc. (CMI - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Daimler has an expected long-term growth of 2.8%.

Cummins has an expected long-term growth of 11.7%.

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